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Visible Gold Mines (TSE:VGD)
:VGD

Visible Gold Mines (VGD) AI Stock Analysis

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Visible Gold Mines

(VGD)

29Underperform
Visible Gold Mines is currently in a precarious financial position, with severe challenges across income, balance sheet, and cash flow metrics. This financial instability is the primary factor driving the low overall score. Although there is some technical support suggesting short-term stability, the lack of revenue and significant losses are critical concerns. Valuation analysis reflects ongoing losses, further impacting the overall outlook negatively.

Visible Gold Mines (VGD) vs. S&P 500 (SPY)

Visible Gold Mines Business Overview & Revenue Model

Company DescriptionVisible Gold Mines (VGD) is a mining exploration company focused on discovering and developing gold deposits in the prolific Abitibi Greenstone Belt in Quebec, Canada. The company is engaged in the acquisition, exploration, and development of high-potential gold properties, leveraging its geological expertise and strategic partnerships to advance its projects toward potential production.
How the Company Makes MoneyVisible Gold Mines generates revenue primarily through the exploration and development of mineral properties with the potential for gold production. The company seeks to increase the value of its properties by conducting geological surveys, drilling programs, and feasibility studies to identify viable gold deposits. Revenue can be generated through the sale of its projects to larger mining companies, forming joint ventures, or through potential future production if a significant deposit is discovered and developed. Additionally, the company may engage in strategic partnerships with other mining entities to share exploration costs and risks, which can also contribute to its revenue streams.

Visible Gold Mines Financial Statement Overview

Summary
Visible Gold Mines is facing significant financial challenges. The company consistently reports zero revenue, negative gross profit, EBIT, and EBITDA, indicating severe operational inefficiencies. Balance sheet analysis reveals financial distress with negative equity and high liabilities, suggesting unsustainable leverage. Additionally, negative operating and free cash flows highlight liquidity risks and financial instability.
Income Statement
10
Very Negative
Visible Gold Mines has consistently reported zero revenue, indicating challenges in generating sales or production output. Gross profit, EBIT, and EBITDA are negative, reflecting operational inefficiencies and high fixed costs without revenue offset. Net income remains negative, showing ongoing losses without improvement.
Balance Sheet
15
Very Negative
The company's equity has turned negative in the latest TTM period, indicating financial distress and potential solvency issues. High total liabilities relative to assets and negative stockholders' equity suggest unsustainable financial leverage. The declining equity ratio and increasing debt highlight financial instability.
Cash Flow
20
Very Negative
Operating cash flow is consistently negative, indicating inefficiencies in core operations. Free cash flow is also negative, pointing to cash burn exceeding operational cash generation. The significant cash flow deficits pose liquidity risks, with limited cash reserves available to cover ongoing losses.
Breakdown
TTMSep 2023Sep 2022Sep 2021Sep 2020Sep 2019
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
-18.40K-4.67K-8.18K-4.57K-4.00K-250.00
EBIT
-787.67K-321.06K-4.10M-782.29K-276.23K-3.58M
EBITDA
-760.71K-890.79K-4.08M-777.39K-200.73K-3.58M
Net Income Common Stockholders
-792.33K-896.03K-4.09M-781.97K-315.14K-3.58M
Balance SheetCash, Cash Equivalents and Short-Term Investments
14.60K22.44K173.54K333.25K20.07K60.05K
Total Assets
203.74K796.95K1.48M5.48M5.20M5.14M
Total Debt
70.74K90.76K0.000.000.000.00
Net Debt
56.14K68.31K-173.54K-333.25K-20.07K-60.05K
Total Liabilities
484.67K255.41K118.59K44.61K401.41K439.78K
Stockholders Equity
-280.93K541.53K1.36M5.43M4.80M4.70M
Cash FlowFree Cash Flow
-154.96K-457.77K-354.78K-708.28K44.19K-264.41K
Operating Cash Flow
-154.97K-342.68K-299.06K-624.03K61.68K-210.01K
Investing Cash Flow
103.26K-43.45K139.35K-43.66K-101.66K-83.84K
Financing Cash Flow
-12.16K235.03K0.00980.88K0.00272.09K

Visible Gold Mines Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.08
Price Trends
50DMA
0.08
Negative
100DMA
0.08
Positive
200DMA
0.08
Positive
Market Momentum
MACD
<0.01
Positive
RSI
59.16
Neutral
STOCH
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VGD, the sentiment is Positive. The current price of 0.08 is equal to the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 59.16 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:VGD.

Visible Gold Mines Peers Comparison

Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSKNT
75
Outperform
C$2.43B23.2720.56%64.92%185.22%
TSSSL
70
Outperform
$2.65B136.171.00%0.93%0.80%137.87%
MUMUX
69
Neutral
$383.70M3.5824.18%47.02%
TSGQC
48
Neutral
C$122.09M-26.93%25.41%
47
Neutral
$2.64B-3.82-29.05%3.32%2.72%-29.50%
TSSGN
38
Underperform
C$10.47M-32.70%61.00%
TSVGD
29
Underperform
C$2.78M-571.01%7.41%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:VGD
Visible Gold Mines
0.08
-0.03
-27.27%
MUX
McEwen Mining
7.53
-0.93
-10.99%
TSE:SSL
Sandstorm Gold
9.09
2.55
38.93%
TSE:GQC
GoldQuest Mining
0.39
0.25
178.57%
TSE:KNT
K92 Mining
10.31
3.76
57.40%
TSE:SGN
Scorpio Gold
0.08
-0.15
-65.22%

Visible Gold Mines Corporate Events

Executive/Board ChangesShareholder Meetings
Visible Gold Mines Announces Shareholder Meeting Results and Stock Option Grants
Neutral
Mar 3, 2025

Visible Gold Mines Inc. announced the results of its annual and special meeting of shareholders, where Martin Dallaire, Sylvain Champagne, Pierre Vézina, and Joel Gagné were elected as directors. Martin Dallaire was re-appointed as President and CEO, and Sylvain Champagne as Secretary and CFO. Shareholders approved the corporation’s stock option plan and re-appointed Raymond Chabot Grant Thornton LLP as auditors. The board granted stock options for 475,000 common shares to directors and officers, with an exercise price of $0.10, higher than the recent closing price, set to expire in 2035.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.